Cushman & Wakefield, the world’s largest privately-held commercial real estate services firm, and McCuen Properties, a premier provider of commercial real estate services in the Sacramento and Central Valley region, today announced the execution of a strategic partnership to further expand the delivery of property management services in the area.
The new partnership will leverage the combined expertise and flexible delivery platform of both organizations providing a full range of integrated services—including lease administration, tenant services, vendor management, building operations, capital improvement plans, budgeting, accounting, project management and reporting. McCuen Properties will continue to operate its McCuen Properties development arm separately from the new partnership.
Operating under Cushman & Wakefield’s globally recognized brand, the new partnership will deliver seamless services led by experienced senior management and will more-than-double the portfolio and staffing capabilities of both organizations. The agreement increases Cushman & Wakefield’s Northern California presence to nearly 32 million square feet of managed real estate.
“We’re thrilled to partner with a company like McCuen Properties whose team is a great match for C&W’s entrepreneurial and collaborative culture,” said Ron Thomas, Executive Director and Managing Broker at Cushman & Wakefield in Sacramento. “Our partnership with them demonstrates our continued commitment to deliver meaningful value for our clients while focusing on strategic growth in the market. With more than two decades of solid Property Management experience in the unique and dynamic Sacramento market, they are an ideal partner.”
The new Cushman & Wakefield/McCuen Properties strategic partnership aims to help individual and institutional property owners maximize returns on real estate investments through value-added programs and superior management expertise. “Through this partnership, we are able to offer clients our local experience and expertise backed by the reach of C&W’s truly global platform,” said Steven M. Ring, Regional Director of Corporate Occupier & Investor Services for Cushman & Wakefield in Northern California. Cushman & Wakefield has provided Property Management services to the Sacramento region since 2007. Among the company’s largest and most well-known Property Management clients in the area are The STG Group, CWCapital and LNR Property.
"We are excited to expand our best-in-class property management services to more local, corporate and institutional clients within the Sacramento region,” said Marc Sussman, President of McCuen Properties. “Clients consistently tell us they are looking for a service provider that can provide solutions across all asset types and throughout the lifecycle of their ownership. This partnership with Cushman & Wakefield will allow us to meet the needs of our clients and expand our reach into new markets and business sectors. We look forward to maximizing the combined strengths of both our organizations.”
Since 1980, McCuen Properties has amassed a large portfolio of many different types of successful projects, including office building development, adaptive reuse, infrastructure master planning, obtaining entitlements, military base reuse and hotel construction. Among the company’s most high-profile development and property management projects are the Mather Commerce Center Development and the new 72,000 square foot Class A headquarters for the Sacramento County Office of Education, West Sacramento’s Ziggurat Corporate Office Building and Teale Data Center. The company also provides management services for BloodSource, one of the world’s premier blood centers that provide blood and blood components to hospitals in Northern and Central California.
“This is an exciting time for the Sacramento market,” said David Nystrom, Director of Development at McCuen Properties. “With new office, residential and retail development in the pipeline and high-profile projects like The Bridge District, the Friedman West Sacramento project and the proposed new Kings Arena development, Sacramento is bustling with activity and well-positioned for new investment. Our partnership with Cushman & Wakefield will allow us to become even stronger allies for property owners throughout the region.”
"We are delighted to enter into a strategic relationship with a company of such high caliber as McCuen Properties that is known for their ingenuity and keen attention to detail,” said Joe Cook, Cushman & Wakefield COO for the West Region. “As strategic partners who share in a commitment to client service, we are confident this partnership will prove beneficial to current and future clients. We look forward to working together.”
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About the Firms
Cushman & Wakefield is the world’s largest privately‐held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 253 offices in 60 countries and nearly 15,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $3.7 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.
McCuen Properties has set the standard for quality commercial development, construction management, asset management and property management for both public and private sector projects in the Sacramento Region since the firm was established in 1980. McCuen Properties provides the highest level of quality and value to clients in every project. Attention to detail, efficiency, economy and engineering ingenuity are among the hallmarks of all McCuen projects.
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